Ethereum has been soaring, and Bitcoin has risen along with it, with a maximum rebound at noon of 118738. The daily K-line has broken above the middle track resistance, and the MACD bearish momentum is continuously decreasing and is nearly zero. The KDJ and RSI indicators are turning upwards. On the 4-hour chart, a strong bullish candle has taken off from the middle track support, briefly breaking through the upper track resistance, and the price has currently returned below the upper track. A strong bullish trend makes it difficult to predict the peak; the intraday strategy focuses on buying on dips.
The upper resistance levels to watch are 119000, 120000, and 121000. These resistance levels are reference points for taking profit on long positions, not for shorting; there are no plans for any short positions.
The lower support levels to watch are 117500, 116000, and 115500. Long positions can be considered around these levels.
For Ethereum, it’s even more risky to short; if we guess the upper resistance, it’s around the 4500 level. Buy on dips, and do not participate in shorts. The lower support levels to watch are 4165 and 4050, where light positions can be considered for bullish participation. The targets to look at are 4250, 4350, and 4450. #ETH走势分析
